Why Walmart Stock Was Up Earlier Today

·2 min read

Shares of Walmart (NYSE: WMT) were up 5% as of 10:10 a.m. ET on Tuesday after the retailer announced results for the fiscal second quarter of 2023. Adjusted earnings per share came in at $1.77, beating analysts' estimates of $1.63. Year to date, Walmart has outperformed the S&P 500, down just 3.2% compared to a 10% decline for the index.